Ex-World Bank Chief Joins Temasek

Robert Zoellick, former World Bank president, will join the board of Singapore state investment fund Temasek Holdings Pte. Lte., the second board-level personnel move at the fund in recent weeks.

Mr. Zoellick, who held the top role at the World Bank until June 2012, will officially assume his role at Temasek on Aug. 15, according to a statement Thursday.

His appointment comes after Temasek named a former cabinet minister, Lim Boon Heng, as chairman in July, replacing S. Dhanabalan who will retire this month.

Mr. Zoellick is currently a fellow at the Belfer Center at Harvard University and the Peterson Institute for International Economics. As a U.S. trade representative, between 2001 to 2005, the U.S. signed a free trade agreement with Singapore.